Compatriot Capital Leases 13000 Square Feet Office Space At The Douglas In Dallas
8235 Douglas Avenue, STE b100
Building Size
13,000 SF
Asset Type
Office
Closing
Jan 2, 2025
AI
The asset involved in this transaction is an office space located at 8235 Douglas Avenue, Dallas. The property consists of 13,000 square feet and is situated within The Douglas, a 13-story building in North Dallas.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Square Footage: 13,000 SF
- Address: 8235 Douglas Avenue
- Market: Dallas
- Tenant: Mark Van Kirk - Compatriot Capital
- Landlord's Representative: Burson Holman & Elizabeth Fortado - Granite Properties
- Tenant's Representatives: Larry Toon, Connor McCarthy & Scott Hage - JLL
Compatriot Capital has committed to a lease for an entire floor of the office building, planned for occupation later this year. The transaction was facilitated by JLL representing the tenant and Granite Properties acting on behalf of the landlord.
Players
Avenue Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93